California State University, Chico Parents are Investing in Real Estate!

It's that time of the year again in Chico,California! California State University,Chico...otherwise known as Chico State college students are getting their bags packed and ready to transfer up here. In the meantime, I've had several moms and dads call me up, looking to make an additional investment in their children...aside from an education! That's right, they're looking to purchase homes that their children can live in while they attend Chico State! I think this is a great idea! Here's why:

You can rent out the additional space to bring in income off the property while your child attends school!

You can get a great tax writeoff to help absorb the costs of your children going to college!

You can help your children and/or yourself build equity in a home through appreciation!

Your children are going to be here for 2,4...5 or 6 years! In my case and that of several other Chico State graduates, we've decided to even make Chico our home! Why? Chico,California is one of the best places to raise your children. We have beutiful parks, a great sense of community and the revolving door of creativity and youth coming through Chico!

Chico, California has a stable and unique housing market!

Chico, California has a great occupancy rate around the campus, with the ever increasing enrollement at Chico State!

Chico, California homes are still relatively inexpensive in relation to the rest of California!

Here is a list of websites that I feel can help you and your child's journey to Chico,California...

Chico,California Mortgage Company...Mention this blog, I'll give you a $400 appraisal credit at the close of escrow!

Chico,California Virtual Tours of Homes....Check out homes in your pj's!

Chico,California Recommended Realtors

Chico,California Chamber of Commerce...They offer a great relocation package,FYI!

Chico,California Real Estate Blog

North Valley Real Estate Guide (Be sure to check out my articles under the heading "Mortgage News" on a weekly basis! This is a pdf version of the hard print, which includes new listings and informative local real estate articles.

Who is Scott Gormley in Chico?

My name is Scott Gormley, I'm the broker/owner of Oak Valley Mortgage in Chico,California. I was the 2006 Chairman of the Chico Association of Realtors Affiliate Committee, which reproesented over 150 local Real Estate Businesses and I'm a member of the Chico Chamber of Commerce. I have a great network of individuals in Chico ,California that can help make your home buying experience a great one! Please don't hesitate to call me with any questions you may have. Together, let's help build you and your child's future into a stronger one!

I take pride in our communtiy and the California State University,Chico. Being a Chico Business Alumni, I enjoy giving back to my future Alumns. I conduct Free Financial Literacy Workshops on the campus yearly, to help empower your children to make better decisions with their credit and home buying decisions.

Scott is the Number 1 profile in California on the Active Rain Real Estate Network, with over 25,000 members and growing!

Scott is a Chico Alumni

Scott Gormley
Broker/Owner
Oak Valley Mortgage
2006 Chico Assoc. of Realtors Affiliate Chairman
Direct: 530.592.8362
Fax: 530.267.5555
Website: http://www.ChicoLoan.com

Scott's Blog

"You find the perfect home, we'll find the perfect loan!"

Posted Saturday Apr 14

( 05/19/07 05:19PM ) — Chico CA Real Estate by Sandi Bauman, Chico CA Realtor

Great post, Scott!

Student/Parent investment properties are a fabulous way to go in Chico. Considering the cost of the average student rental, not to mention the crazy living conditions, purchasing a property can be a very attractive alternative-- especially if the student plans to make their home here for a couple of years. Parents are often more comfortable, knowing their child is living in a nice, quiet, well-maintained neighborhood away from the chaotic good times of "dorm life".

I am an excellent resource for any of those parents considering their options! Because I work primarily with out-of-town buyers and investors, I have the tools and systems in place (not to mention the patience!!) to make the transaction as smooth as possible.

I firmly believe that the best buyers are the most educated ones. I work really hard to provide the information and background a buyer needs to make informed decisions.

Here is a response from a great mom looking to find her 18 year old a house for the next 3 years:

"Hi Sandi,
It was really great to work with you last week and I know we will make a good purchase with your help. Thank you again for the kind words and terrific assistance. We will stay in close touch and I will let you know what happens with my house... "

Stacy D.

Since this writing, we spent 2 days looking at about 30 houses. We managed to find a great 2 story 4 bedroom, newer home only a couple of blocks from campus! After a short negotiating period, we are in escrow, and due to close in 3 weeks. Both mom and son are so excited, they can't stand it!

I would love to assist you with any buyers looking to purchase a solid investment property. Feel free to have them browse my listings, as well as the entire Chico MLS here: http://www.chicohomesearch.net

Best wishes,

Sandi